The 1936-D 3-1/2 Legs Buffalo Nickel stands as a captivating anomaly in numismatic history, intriguing collectors with its unique minting error and significant value. This rare variety emerged from the Denver Mint in 1936, distinguished by an over-polished die that resulted in the buffalo on the reverse side appearing to have only three and a half legs.
Origins of the 3-1/2 Legs Error
The Buffalo Nickel, minted from 1913 to 1938, features a Native American profile on the obverse and an American bison on the reverse. In 1936, during routine maintenance, a reverse die at the Denver Mint was excessively polished to remove clash marks. This over-polishing inadvertently erased part of the buffalo’s front foreleg, creating the illusion of a “3-1/2 legs” appearance. Unlike the more famous 1937-D 3-Legged Buffalo Nickel, the 1936-D 3-1/2 Legs variety is less pronounced but equally significant to collectors.
Identifying the 1936-D 3-1/2 Legs Buffalo Nickel
To accurately identify this rare coin, collectors should examine the following features:
- Front Foreleg: Noticeable weakening or partial absence of the buffalo’s front foreleg.
- Die Polishing Marks: Presence of fine lines around the area where the leg is missing, indicative of over-polishing.
- Denver Mint Mark: A clear “D” mint mark located below the denomination on the reverse side.
Due to the subtlety of this error, it’s advisable to consult a professional numismatist or submit the coin for third-party grading to confirm its authenticity.
Market Value and Rarity
The 1936-D 3-1/2 Legs Buffalo Nickel is considered rare, with its value significantly influenced by its condition and grade. As of recent market data, approximate values are:
| Grade | Estimated Value (USD) |
|---|---|
| Good (G-4) | $500 |
| Very Good (VG-8) | $675 |
| Fine (F-12) | $1,150 |
| Very Fine (VF-20) | $1,175 |
| Extremely Fine (XF-40) | $3,300 |
| About Uncirculated (AU-50) | $5,850 |
| Mint State (MS-61) | $15,000 |
| Mint State (MS-63) | $25,000 |
These values are approximate and can fluctuate based on market demand and the coin’s provenance. Notably, a Mint State-63 example has been valued at around $25,000, underscoring the coin’s desirability among collectors.
Collecting and Investing Tips
For those interested in acquiring the 1936-D 3-1/2 Legs Buffalo Nickel, consider the following:
- Authentication: Due to the coin’s rarity, ensure it has been authenticated and graded by a reputable third-party grading service.
- Condition: Higher-grade specimens command premium prices; however, even lower-grade examples are valuable due to their scarcity.
- Market Trends: Stay informed about current market trends and auction results to make educated purchasing decisions.
Conclusion
The 1936-D 3-1/2 Legs Buffalo Nickel is a testament to the intriguing nuances of coin minting and the allure of numismatic errors. Its unique origin, coupled with its rarity, makes it a prized addition for collectors and a noteworthy investment for numismatists.
FAQs
The error resulted from over-polishing of the reverse die at the Denver Mint, which removed part of the buffalo’s front foreleg.
Look for a weakened or partially missing front foreleg on the buffalo and consult a professional numismatist or grading service for confirmation.
Its rarity and the unique minting error contribute to its high value among collectors.
Both are rare minting errors, but the 1937-D 3-Legged variety is more pronounced and generally more well-known among collectors.
These coins can be found through reputable coin dealers, auction houses, and numismatic shows. Ensure authenticity by seeking coins that have been graded by recognized services.
